Analysts Set PRA Group, Inc. (NASDAQ:PRAA) Target Price at $25.00

Shares of PRA Group, Inc. (NASDAQ:PRAA) have been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $25.00.

A number of research firms have issued reports on PRAA. Wall Street Zen raised shares of PRA Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings restated a “sell (d)” rating on shares of PRA Group in a report on Friday, March 27th.

PRA Group Stock Performance

NASDAQ:PRAA opened at $14.44 on Wednesday. The company has a market cap of $550.74 million, a price-to-earnings ratio of -2.02 and a beta of 1.14. The stock’s fifty day moving average price is $18.14 and its two-hundred day moving average price is $16.51. PRA Group has a 52-week low of $10.25 and a 52-week high of $22.55.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.22. The business had revenue of $314.53 million for the quarter, compared to analyst estimates of $295.90 million. PRA Group had a positive return on equity of 13.19% and a negative net margin of 22.51%. On average, equities analysts predict that PRA Group will post 2.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in PRA Group by 16.3% in the first quarter. Bank of America Corp DE now owns 111,155 shares of the business services provider’s stock valued at $1,945,000 after purchasing an additional 15,538 shares during the last quarter. Amundi bought a new position in PRA Group during the first quarter worth about $298,000. EverSource Wealth Advisors LLC grew its position in shares of PRA Group by 49.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,711 shares of the business services provider’s stock worth $65,000 after buying an additional 1,230 shares during the period. Empowered Funds LLC acquired a new position in shares of PRA Group during the 1st quarter worth about $366,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of PRA Group by 19.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 49,384 shares of the business services provider’s stock valued at $864,000 after acquiring an additional 7,994 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

PRA Group Company Profile

PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.

The company’s core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.